🪙Tokenomics
Whitepaper (Latest Update: June 2024) v2
Token Utility
The $STAY token is designed to deliver substantial value to its holders and drive the growth of the Staynex ecosystem. The token's utility is carefully structured to support multiple facets of the platform and incentivize engagement. Here's a breakdown of how the $STAY token is allocated:
Conversion for Staking and Claiming: 10%
Purpose: A portion of the $STAY tokens will be converted into BNB/ETH to facilitate staking and claiming processes. This ensures liquidity and flexibility for $STAY holders who wish to stake their tokens or claim rewards.
Impact: This allocation supports the staking infrastructure, providing $STAY holders with seamless options to earn rewards and participate in the ecosystem.
Travel and Hospitality Deals: 10%
Purpose: This portion will be used to acquire exclusive travel and hospitality deals, which will be offered as lucky draw prizes for $STAY token holders.
Impact: By offering these special deals as prizes, we enhance the value proposition for $STAY holders, making the token more attractive and engaging for the community.
Web3 Marketing and PR: 10%
Purpose: Dedicated to Web3 marketing and public relations efforts, this allocation will be used to promote the $STAY token and Staynex platform across various Web3 channels.
Impact: Effective marketing and PR campaigns will increase the visibility of the $STAY token, attract new users, and build a strong community around the Staynex ecosystem.
Ambassadors, KOLs, and Referral Marketing: 5%
Purpose: This allocation will support partnerships with ambassadors, key opinion leaders (KOLs), and referral marketing initiatives.
Impact: By incentivizing influential figures and referral networks, we aim to drive user acquisition and boost engagement within the Staynex platform.
Growth and Operations: 65%
Purpose: The largest portion of the $STAY token allocation will be reinvested into the growth and operational activities of the Staynex leading group.
Impact: This significant allocation supports the ongoing development, expansion, and operational sustainability of the Staynex platform, ensuring long-term success and continuous improvement.
Note: The percentages allocated to the various utilities are based on all Web3 platform revenues, including membership subscriptions and NFT sales, to ensure clarity and avoid ambiguities.
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